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Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs attorneys over more than $100 million are off to a rocky start following a U.S. Supreme Court decision to not delay the execution of the class-action judgment against the last-resort insurer.

Insurance Commissioner Jim Donelon says the states last-resort insurer has some options left in its pursuit to either stop or negotiate down a hefty multimillion-dollar judgment against it.

Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs attorneys over more than $100 million are off to a bad start.

Negotiations between Louisiana Citizens Property Insurance Corp. and plaintiffs attorneys over more than $100 million are off to a bad start.

The board of directors of Louisiana Citizens Property Insurance Corp. is scheduled to meet tomorrow to discuss a proposed settlement in a case involving payments to thousands of policyholders.

The U.S. Supreme Court has decided not to delay the execution of a judgment against Louisiana Citizens Property Insurance Corp. while the last-resort insurer prepares an application for the high court to hear the case.

Louisianas last-resort insurer is considering going to the U.S. Supreme Court after the states highest court chose not to reconsider its decision to reinstate a $92.7 million award in favor of policyholders.

Louisiana Citizens Property Insurance Corp. has proposed a 10.5 percent overall increase to homeowners insurance rates in order to correct inadequate rates for wind-and-hail coverage, according to Richard Robertson, CEO of the state-run, last-resort insurer.